A TD Insurance survey finds 87% of millennials—the generation everyone loves to hate—are concerned about working gig jobs.
One top concern expressed is the lack of health and dental benefits. Furthermore, the survey also found that 79% of millennials who work or have previously worked a gig job consider life insurance to be an important benefit.
The lack of job security (61%), income volatility (41%), no paid vacation time (38%), and no pension (32%) are other concerns with working gig jobs.
Nearly three quarters of millennials (73%)—more than any other generation—say that they have, had or anticipate having some form of gig job.
“Gig jobs provide Canadians more flexibility because they can work where they want, when they want and how they want,” says Mark Hardy, TD Insurance’s associate vice-president of direct life and health. “While these benefits may appeal to Canada’s large millennial workforce, it’s important to acknowledge and plan for the instability that can come with gig jobs.